The easing of pandemic induced restrictions has allowed greater opportunities for socializing which is expected to increase demand for Old Navy and Athleta clothing brands of Gap Inc, prompting the company to raise its net sale forecast for the entire year for the second time this week. ...

More than five million shares in the technology giant Apple have been granted to its chief executive Tim Cook as he marks ten years in the job. Cook sold most of the shares for more than $750m, showed a company filing with the US Securities and Exchange Commission (SEC) watchdog.   This is a...

The continued trend of a combination of work from home and office based work will hold up strong demand for its cloud-based software during the third quarter, said Salesforce.com Inc on Wednesday as the company beat analysts’ expectations for earnings for the May-July quarter,   Over the...

Building up stocks of semiconductors in some parts of the supply chain will allow overcoming the global shortage of chips, writes CNBC. Bosch board member Harald Kroeger suggested this way to combat the chip shortage, CNBC noted.  "I think we need more inventory in some parts of the supply...

The enterprise software company Salesforce showed a 23% increase in revenue after buying the messenger Slack, and revenue growth of 39%. Enterprise software and cloud services developer Salesforce raised its revenue and earnings guidance for the full fiscal year 2022 after closing its acquisition...

At the end of a Series B financing round, the market value of the artificial intelligence (AI) voice assistant Xiaodu Technology, owned by Chinese tech giant Baidu Inc, was fixed at $5.1 billion, the Chinese tech giant said on Tuesday,.   This successful funding round was conducted in the...

The conclusion of a regulator of the United Kingdom that the proposed $40 billion acquisition of British chip designer ARM by Nvidia Corp that the deal could reduce competition and weaken rivals was a huge blow to both the companies. The regulator also recommended a detailed investigation into the...

The fact that the global auto industry is still strongly facing the impact of the ongoing semiconductor chip shortage with no immediate signs of a resolution was reflected in the grim warnings issued this week by major auto companies of the world including Toyota and Volkswagen.   Auto...

The communication network equipment maker Cisco Systems Inc warned that the costs of its components will be continued to be driven up while there would also be delivery blockages for the rest of the year because of supply chain issues as the firm’ profit forecast for its first quarter was short of...